JCPenney is closing 154 stores — here's the list
with the Securities and Exchange Commission later that month that it expected to eventually close about 30% of its 846 stores, moving away from weaker malls.
The first phase consists of 154 stores, which JCPenney said will conduct liquidation sales as they are able to reopen according to states' stay-at-home orders. Four of the stores have already begun going-out-of-business sales. The company said in its filing that liquidation sales will take about 10-16 weeks to complete, at which point stores would close for good.
JCPenney has had years of declining sales, which were exacerbated by temporary store closures during the coronavirus pandemic.
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